Qualified Replacement shall have the meaning set forth in Section 5.6.
Qualified Replacement is someone who, in the reasonable judgment of the Adviser, is a professional with credit investment experience.
Qualified Replacement means any Person designated by the Investor in a Designation Notice that (i) meets the Independence Standards but only if the failure to meet the Independence Standards would mean that the Company failed to have a majority of independent directors and (ii) completes the normal and customary background check and similar processes customary for appointments of directors of Nasdaq Stock Market listed companies, including completion of the D&O Questionnaire and the FINRA Questionnaire.
Examples of Qualified Replacement in a sentence
The Issuer or Security Trustee may replace the Data Protection Trustee by a Qualified Replacement Data Protection Trustee, for good cause grounded in the conduct of the Data Protection Trustee, especially if the Data Protection Trustee has materially breached its duties under this Agreement and the Seller consents to the appointment of the proposed Qualified Replacement Data Protection Trustee by the Issuer.
In situations involving a replacement of the Data Protection Trustee pursuant to Clause 6 or Clause 7, the Data Protection Trustee shall promptly deliver the Portfolio Decryption Key pursuant to this Agreement to the Qualified Replacement Data Protection Trustee.
More Definitions of Qualified Replacement
Qualified Replacement means a senior investment professional selected by the Adviser to replace a Key Executive upon the occurrence of a Key Person Event; provided that such replacement has been approved by either (a) a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of the Company or (b) the holders of a majority of the outstanding Common Shares, and upon either such approval, such selection will constitute a “Qualified Replacement.” Terms not defined herein shall have the same meaning as in the Prospectus. Now, therefore, the Company hereby agrees with the Distribution Manager as follows:
Qualified Replacement means an individual who is selected and appointed by the Advisor to serve in a position as a Senior Executive Officer and who has such real estate investment management, property management, brokerage, acquisition or disposition experience and other qualifications as are consistent with the duties and responsibilities of such position.
Qualified Replacement means a senior investment professional selected by the Adviser and approved by either (i) a majority of the independent directors of the Company or (ii) the holders of a majority of the outstanding shares of the Company’s common stock.
Qualified Replacement means (A) a person designated by the Purchaser who designated the person to be replaced (or by such Purchaser's designee) for which disclosures under Item 401(f) of Regulation S-K promulgated under the Securities Act (or any successor provision) for such person would not be required in the Company's SEC Documents, and who is consented to by the Company (which consent is not to be unreasonably withheld, delayed or conditioned) or (B) a person designated by the Purchaser who designated the person to be replaced who is reasonably agreed to by the Company.
Qualified Replacement is defined as a senior investment professional selected by the Adviser and approved by Xxxxxx Xxxxxxx Investment Management. “Required Involvement” means (x) with respect to each of Xxxxxxx X. Xxxxx, Xxxxxxx Xxx, Xxxxx Xxxx, Xxxx Xxxxxxxx, and Xxxxx Xxxxxxxxxx, being actively involved in and devoting sufficient time to the business and affairs of the Company and (y) with respect to Xxxxx X. Xxxxxx, devoting sufficient time to the business and affairs of Xxxxxx Xxxxxxx Private Credit & Equity, in each case, as deemed reasonably necessary by the Adviser. If a majority-in-interest of the then-outstanding units of the Company, voting together as a single class, vote in favor of the proposal to continue the Investment Period, the Investment Period shall be continued, and the members of the Company will be obligated to fund capital commitments as if a Key Person Event had never occurred. Otherwise, the Investment Period shall be deemed to have terminated as of the date of the Key Person Meeting. For the avoidance of doubt, upon termination of the Investment Period as a result of a Key Person Event, the Company may continue to draw down capital commitments to the extent set forth above in this Section 4.4.
Qualified Replacement means an individual, or individuals, who, in aggregate if applicable, have comparative and demonstrated experience in bitcoin mining operations and the ability to provide services substantially similar in the aggregate to the Services;
Qualified Replacement means equal rank or assignment, as appropriate. In the event an employee who submits such a request less than seven days prior to the date(s) requested for time off does not present a qualified replacement, if fewer than two employees are scheduled to be off work during the shift(s) in question, the Chief of Police or designee shall attempt to accommodate the employee’s request for time off. Upon a four (4) week prior written request by the employee, one (1) time per calendar year, each employee shall receive pay for all or any part of compensatory time accrued at the employee’s then current base salary. Separate from such request for pay, all members shall cash down their accrued compensatory time off to 40 hours effective the last pay period in March of each year.